Bitcoiners have warned you on FTX – Bitcoin Magazine

This is an opinion editorial by Aleks Svetski, author of “The Non-Communist Manifesto”, Founder of The Bitcoin Times and host of the“ Wake Up Podcast with Svetski ”.

“The Bitcoin maximalists were right, again. Damn them. Damned in hell. This whole thing is their fault! ”

Many times, especially since 2020, I’ve heard variations of the following from people across the “crypto” space:

“Look: a billion dollar company is not going to collapse overnight. It’s impossible. Are they sponsoring an entire stadium for heaven’s sake and do you think their business model is to run away with your $ 2,000 worth of cryptocurrency? Don’t be so stupid. It is quite safe to leave your bitcoin there. However, self-storage is too complicated. If we want mass adoption, caretakers are important. “

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